Ann Marie Martin


Posted by Ann Marie Martin on 12/10/2018

When you think of your real estate budget, you should know that the more you spend on a home, the more overhead costs youíll face. Youíll need to pay for things like real estate agent fees, attorneys fees, and other closing costs. The more you pay for a house, the higher all of these fees will be since they are usually percentage based. So, the overarching question is how do you budget and find a reasonable amount of money to spend on a home? 


Prioritize


Your real estate agent may show you a myriad of homes across many different price ranges. Each property will have pros and cons. You can look at seeing these homes as an educational experience. Viewing properties could even help you hone in on what you want in a home. There are a few good reasons to look at homes above your budget range. 


Housing Prices Could Rise Or Drop


When housing prices begin to rise, people tend to believe that theyíll keep climbing. The panic couldnít be further from the truth. Eventually, the prices need to drop. The idea of buying a property and adding value is to make a bit of a profit back when you go to sell. You need to be prepared for anything when you head out to buy a home. Price changes will apply to you if you plan on living in your new home only for a specified period. If you donít have plans in your future to move, you may not worry about home value changes quite as much when shopping for a property. 


Mortgages End Eventually


If you plan ahead, you donít have to pay mortgages for the rest of your life. If you keep moving and taking out 30-year mortgages, you could be making mortgage payments forever. If the average family stays in their home for around a decade, that's not a significant amount of time. Here, youíll find a great reason not to max out your budget on a home. If you buy a less expensive house, you can get the mortgage paid off faster. You may even be able to take the mortgage out for a shorter term. Paying your home off more quickly allows your financial freedom. Itís simple, yet many people opt for a bigger house that they arenít planning on staying in, causing a bit of a financial headache.


You Need A Rainy Day Fund


If you avoid maxing out your budget to buy a home, youíll be able to save a bit for any emergencies that come up. You will be under less stress knowing that you have a little bit of money set aside in case your home needs major repairs, or you face a job loss or illness. In conclusion, itís never a good idea to max out your budget on a home purchase.                    





Tags: Buying a home  
Categories: budgeting  


Posted by Ann Marie Martin on 12/7/2018

This Single-Family in Springfield, MA recently sold for $115,000. This Cape style home was sold by Ann Marie Martin - Landmark, Realtors.


7 Nathaniel St, Springfield, MA 01109

Single-Family

$119,900
Price
$115,000
Sale Price

5
Rooms
2
Beds
1
Baths
Looking to downsize? Want to get out of you apartment but not looking for your forever home yet? Or collect rent on a great single family home? Then this home is perfect!!! This 2 bedroom home is perfect for a small family or a single person. Nice layout that is perfect for entertaining everyone. Gas heat, and washer and dryer hookups in the basement! Detached Garage, hardwood floors, finished basement and patio in the back makes this home perfect for entertaining. Home is currently occupied by a tenant. Take over as the new landlord or make this home your own!!! Don't miss out! Agent related to Seller.

Similar Properties





Categories: Sold Homes  


Posted by Ann Marie Martin on 12/6/2018

This Single-Family in Ludlow, MA recently sold for $232,500. This Ranch style home was sold by Ann Marie Martin - Landmark, Realtors.


58 Stivens Ter, Ludlow, MA 01056

Single-Family

$235,000
Price
$232,500
Sale Price

6
Rooms
3
Beds
2
Baths
Don't miss out on this wonderful 3 bedroom, 2 full bath ranch located across from Havilland Pond! Updated kitchen with Corian countertops, ceramic tile backsplash, tons of cabinet space and new appliances! Living room has hardwood floors and a wood burning fireplace for those cozy winter nights. The den between the garage and kitchen has front and rear exterior access. All three bedrooms are good size with and double closets. The finished basement with fireplace will make great additional living space for the entire family, as well as storage space. A new bathroom with shower stall was recently installed in the basement area. Oversized two car attached garage with extra storage space. All of this with a huge fenced in backyard will be perfect for summer fun, gardening or just relaxing! The house is also equipped with a backup generator hookup. This home is minutes from the Mass Pike and Routes 291 and 91. Make an appointment today!

Similar Properties





Categories: Sold Homes  


Posted by Ann Marie Martin on 12/3/2018

For those who want to acquire a house, it helps to get your finances in order. That way, you can quickly and effortlessly navigate the homebuying journey without having to worry about how you'll afford your dream house.

There are many quick, easy ways to straighten out your finances before you embark on the homebuying journey, such as:

1. Assess Your Credit Score

Your credit score ultimately can play a major role in your ability to secure a great mortgage. If you understand your credit score, you may be able to find ways to improve it prior to conducting a home search.

It is important to remember that you are entitled to a free copy of your credit report annually from each of the credit reporting agencies (Equifax, Experian and TransUnion). Request a free copy of your credit report today, and you can take the first step to evaluate your credit score.

If you find that your credit score is low, there is no need to worry. You can always pay off outstanding debt to improve your credit score over time.

Also, if you identify any errors on your credit report, you'll want to address these mistakes immediately. In this scenario, you should contact the agency that provided the report to ensure any necessary corrections can be made.

2. Look Closely at Your Monthly Expenses

When it comes to buying a house, it generally helps to have sufficient funds for a down payment. The down payment on a house may fall between 5 and 20 percent of a home's sale price, so you'll want to have enough money available to cover this total for your dream residence.

If you evaluate your monthly expenses, you may be able to find ways to save money for a down payment on a house.

For example, it may be beneficial to cut out cable TV for the time being and use the money that you save toward a home down payment. Or, if your dine out frequently, cooking at home may prove to be a substantial money-saver that could help you speed up the process of saving for a down payment.

3. Get Pre-Approved for a Mortgage

With pre-approval for a mortgage, you can enter the housing market with a budget in hand. Then, you'll be better equipped than ever before to narrow your search to houses that fall within your price range.

To get pre-approved for a mortgage, you'll want to meet with banks and credit unions. These financial institutions can teach you about different mortgage options and help you assess all of the options at your disposal.

Furthermore, don't hesitate to ask banks and credit unions about how different types of mortgages work. This will enable you to gain the insights that you need to make an informed decision about a mortgage based on your financial situation.

If you need extra help as you prepare to pursue a house, you may want to hire a real estate agent as well. In fact, a real estate agent can help you find a high-quality house at a budget-friendly price in no time at all.




Categories: Mortgage   Buying a Home   Financing  


Posted by Ann Marie Martin on 11/26/2018

After moving one of two things can happen when it comes to being organized. The first is that you have no idea where to even begin. The second? You realize you have way too much stuff and nowhere to put it.

This is where hiring a professional organizer comes in. Like absolute magicians, they can all of your stuff, factor in your lifestyle and create a system that keeps your organized and tidy.

When working with a professional organizer there are some things you should know beforehand.

The first being that, while their skills at creating systems to keep your home and clutter managed ca feel magicalÖ they arenít magicians. What I mean by this is that, once they finish the project itís on you to maintain all their hard work and your investment.

And while a great organizer will design a system that works best for you that doesnít mean it will just naturally happen. You need to be prepared, and willing, to make changes in your daily behaviors and habits.

Be prepared to get really vulnerable. Aka they are going to need to see your cluttery mess in all its glory so that they can design the best system to handle it. They need an accurate portrayal of what your daily struggle truly looks like. You will also need to be honest about your day to day behaviors, even if itís embarrassing and a little painful to admit out loud.

Hereís the thing if you tidy up beforehand or arenít completely your organizer wonít be able to create a system that truly works for you. It will be for the person who is just a little bit tidier and doesnít have those embarrassing behaviors. And this person just doesnít exist in your day to day reality!

Take their organizational style into account. Some organizers are working in the trenches with you side by side. And others go at it solo and bring you in after to show off their hard work and educate you on what steps need to be taken to maintain it.

Have a budget and list of prioritized ďzonesĒ to tackle beforehand. Know how much of your organizer's time youíre able to invest in. This will help you to formulate a plan of action and decide which rooms have the loudest cry for help.

Again, perhaps the most important piece is that you be committed to maintaining your new orderliness. Even when it gets hard and you slip up. This is going to take time and practice. So be patient with yourself and recognize that itís all a work in progress. There will be backslides and thatís okay, itís a part of the process. Whatís important is that you take note of what happened, adjust your plan of action and keep moving forward.